Nazara Technologies IPO is one of the upcoming IPO drafted with SEBI. The company is going with 55,43,052 equity shares in the market. In this Article, we will do a detailed review of Nazara Technologies IPO. Other than review, we will look into some of the important aspect of this IPO like IPO Object, Allotment Status, IPO issue details, Company background, Companies financials, IPO release date, IPO price band, Grey market pricing & more.

Nazara Technologies IPO Review & Ratings

Nazara Technologies IPO Ratings & Review

Criteria

Ratings

Industry Sentiments

7.1/10

Industry Ranking

7.2/10

Company Background

7.2/10

Company Reputation

7.2/10

Competitive Edge

7.2/10

Financial Statements

7.0/10

Popularity Index

7.1/10

Promoters Reputation

7.1/10

Retail Appetite

7.3/10

Top Brokers Review

7.4/10

Overall Ratings

7.2/10

Star Ratings

★★★☆☆

Summary of Nazara Technologies IPO

The IPO from the Nazara Technologies Limited is the first IPO to be raised by an online gaming company. The company designs and develops games for mobiles and other electronic devices have drafted papers with SEBI to raise an IPO.

The company is the brain behind some of the popular games like Chhota Beam, Motu and Patlu Series and World Cricket Championship. 5,543,052 number of equity shares are to be sold by the company by the existing shareholders of the company.

The equity shares are being sold in order to improve the brand value of the company and to provide liquidity to the equity shares held by the existing shareholders.

The ICICI Securities and Edelweiss Financial Services are proposed to manage the Initial Public Offer of the company. The equity shares of the company will be listed on both the major stock exchanges like BSE and NSE.

West Bridge Ventures Investment Holdings and Mitter Infotech hold the major equity shares that are listed on the draft red herring prospectus.

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Nazara Technologies IPO Date

The IPO date has not been released yet.

Nazara Technologies Limited IPO Subscription

Subscription

Day 1

X

Day 2

X

Day 3

X

Day 4

X

Day 5

X

The IPO issue data has not been announced yet. Once the IPO date has been issued, the subscription details will be updated regularly.

Nazara Technologies IPO Allotment Status

Since the issue date has not been fixed yet, the Allotment Status is not out. The Allotment status will be announced about 3-4 weeks of the IPO issue date.

Nazara Technologies IPO Price Band

The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

The face value of the equity shares released by the company is Rs 4 each. The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

Nazara Technologies IPO Issue Size

Issue size of Nazara technologies IPO is not known yet.

Nazara Technologies IPO Equity Shares Offerings

As per the red herring prospectus drafted with SEBI, the company may issue 55.43 lakh shared to the public & institutions.

List of Upcoming IPOs in 2018:

Nazara Technologies Limited – Company Overview

Nazara Technologies Limited is a gaming company that has more than 60 clients all over the world. The company provides mobile subscription gaming to the mobile phone users.

The mobile gaming company has grown so enormously in the past few years that ace investors like Rakesh Jhunjhunwala have invested in the stocks of this firm. The company aims to provide a public market for the equity shares in India. The company is headquartered in Mumbai, India.

Gaming company is involved in the acquisition and the value addition of the games that are present in the gaming world. The independent subsidiaries of the company are Next Wave Multimedia and NODWIN GAMING.

The investee companies are Moonglabs Technologies Private Limited, HalaPlay Technologies Private Limited, Hashcube Inc., and Mastermind Sports Limited. The subscription services of the company are accessed by over 130.43 million monthly visitors from all over the globe.

Key Members of the Company

Vikash Mittersain (Chairman & MD)

Nitish Mittersain (Joint MD)

Kuldeep Jain (Non-Executive Director)

Strength of the Company

Sustained profitability and rapid growth of our operations

Scalable and asset light model across business offerings

Diversified business across geographies, telecom operators, gamers and gaming content

Nazara Technologies Limited – Financial Statement

Have a look at the Financial Stability of the company before you invest in it.

Assets of the Company

Assets (in INR & Millions)

Mar’17

Mar’16

Mar’15

Mar’14

Mar’13

Non-Current Asset

163

112

67

73

142

Current Asset

2,420

1,886

1,358

716

345

Total Asset

2,583

1,999

1,426

789

487

Revenue and PAT of the Company

Revenue & Profits (in INR & Millions)

Mar’17

Mar’16

Mar’15

Mar’14

Mar’13

Total Revenue

1989

2190

1578

901

561

Profit after Tax (PAT)

597

645

591

289

132

Earnings per Equity Share

Earning per Equity Share (in INR)

Mar’17

Mar’16

Mar’15

Mar’14

Mar’13

Basic

300.21

866.19

774.23

369.45

158.03

Diluted

289.90

307.99

278.73

135.33

60.36

Nazara Technologies has seen a massive growth in its last 5 years where the PAT has grown more than 4x & Revenue has grown more than 3x. IPO should get a good exposure in the market as the company is showing very good growth.

Nazara Technologies Limited – Promoters

Interest of Promoters

The promoters of the company have promoted the company and they have shown interest in their shareholding of the company in the form of equity shares.

Interest of promoters in the property of the company

The promoters are not interested in the property of the company and they do not have any interest in acquiring the machinery of the company. They have not shown interest towards the property for two years before the filing of the Draft Red Herring Prospectus with SEBI.

Interest of promoters in the intellectual property of the company

The promoters do not have any interest in the intellectual property of the company.

Nazara Technologies IPO – Basis of Offer Price

Nazara Technologies Limited determines its own offer price. The shareholders of the company research the market for the demand for the products as the company has decided to sell off the equity shares.

The company consults the BRLMs’ and decides on the basis of the qualitative and the quantitative factors of the company. The face value of the equity shares released by the company is Rs 4 each.

The offer price is calculated [.] times the face value at the Floor Price. The Offer Price can also be calculated [.] times the face value of the Cap price of the Price band.

Qualitative Factors

The company believes that their qualitative strengths help them to compete in the highly competitive industry. These are the factors:

There is sustained profitable conditions and rapid growth in the operations of the company

Their gaming insights that have the monetary capacities in the emerging markets